South Dakota § 54-9-11 Bond of assignee--Amount--Approval of sureties by circuit court--Terms and conditions.

South Dakota Statutes

§ 54-9-11 — Bond of assignee--Amount--Approval of sureties by circuit court--Terms and conditions.

South Dakota § 54-9-11

Title 54DEBTOR AND CREDITOR

Ch. 54-9ASSIGNMENT FOR BENEFIT OF CREDITORS

This text of South Dakota § 54-9-11 (Bond of assignee--Amount--Approval of sureties by circuit court--Terms and conditions.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 54-9-11 (2026).

Text

Within thirty days after the date of an assignment for the benefit of creditors, the assignee must enter into a bond to this state, in double the amount of the value of the property assigned, with sufficient sureties, to be approved by the judge of the circuit court for the county in which the original inventory is filed, and conditioned for the faithful discharge of the trust, and due accounting for all moneys received by the assignee, which bond must be filed in the same office with the original inventory.

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Within thirty days after the date of an assignment for the benefit of creditors, the assignee must enter into a bond to this state, in double the amount of the value of the property assigned, with sufficient sureties, to be approved by the judge of the circuit court for the county in which the original inventory is filed, and conditioned for the faithful discharge of the trust, and due accounting for all moneys received by the assignee, which bond must be filed in the same office with the original inventory.